H-d Electric Cooperative, Inc.
H-D Electric Cooperative is a member-owned, not-for-profit rural electric distribution cooperative serving approximately 3,778 meters and 2,910 members across Deuel and Hamlin counties in eastern South Dakota, providing electricity, energy products, and related member services.
- Company typePrivate
- Founded1940
- HeadquartersClear Lake, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What H-d Electric Cooperative, Inc. does
H-D Electric Cooperative, Inc. is a member-owned, not-for-profit rural electric distribution cooperative headquartered in Clear Lake, South Dakota, serving approximately 3,778 meters and 2,910 members across Deuel and Hamlin counties in eastern South Dakota. The cooperative distributes electricity through 1,613 miles of overhead and underground lines (657 overhead / 956 underground) sourced wholesale from East River Electric Power Cooperative and Basin Electric Power Cooperative. Operations are supported by approximately 20-25 staff across two line crew locations (Clear Lake and Hayti) and a corporate office completed in October 2018.
The cooperative's technology footprint includes AMI/AMR metering infrastructure (Cannon systems deployed since 2007), electronic load control devices on water heaters and irrigation systems (signals relayed by East River Electric), and a SmartHub web/mobile portal for member account management. Beyond core electric distribution, H-D Electric operates a diversified portfolio of member-facing products and services, including Marathon water heaters, electric heating equipment, LED yard lights (rental and purchase), authorized Kohler generator sales and service, electrical wiring services for residential and agricultural customers, energy audits, and a Renewable Energy Credits program. Demand-side management, budget billing, deferred payment plans, and rebates for heat pumps, irrigation controls, and energy efficiency improvements round out the member offering.
Revenue is generated primarily through usage-based electricity charges (kWh and kW demand charges), supplemented by recurring yard light rentals, capital credit allocations (margins returned to members approximately 20 years after allocation), one-time product and wiring service fees, and modest late-payment penalties. FY2022 operating revenues were $12,752,468 against a cost of power of $7,073,835, yielding gross margin consistent with a regulated distribution utility. The cooperative operates under the Touchstone Energy brand alliance and is governed by a nine-member board elected by districts across the service territory. Founded originally as Hamlin Electric Association and renamed in 1948, the cooperative is led by fourth General Manager Matt Hotzler, in role since 2004.
H-d Electric Cooperative, Inc. firmographics
Firmographics- Name
- H-d Electric Cooperative, Inc.
- Legal name
- H-D Electric Cooperative, Inc.
- Website
- https://h-delectric.coop
- Company type
- Private
- Founded year
- 1940
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- H-D Electric Cooperative is a member-owned, not-for-profit rural electric distribution cooperative serving approximately 3,778 meters and 2,910 members across Deuel and Hamlin counties in eastern South Dakota, providing electricity, energy products, and related member services.
- Ownership category
- akta.pro rank
H-d Electric Cooperative, Inc. industry classification
Industry- Product category
- Rural Electric Distribution
- NAICS
- Electric Power Distribution (221122), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911), Electric, Gas & Sanitary Services (4900)
- akta.pro primary industry
- Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)
- akta.pro secondary industries
- DER Dispatch, Aggregation & Virtual Power Plant (VPP) Integration (EUADALAI), Retail Electric Providers / Competitive Distribution Utilities (where applicable) (EUADABAE)
Keywords
Where H-d Electric Cooperative, Inc. is headquartered
LocationHeadquarters
- HQ city
- Clear Lake
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
H-d Electric Cooperative, Inc. business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Others
Revenue model
- Electricity Sales: Sale of electricity measured in kWh to residential, agricultural, commercial, and industrial members. Primary revenue stream with Operating Revenues of $12,752,468 (December 2022 data). Cost of Power was $7,073,835.
- Electric Products Sales: Sale of electrical products including Marathon Water Heaters (with lifetime warranty), yard lights, electric heat equipment, and electrical parts for DIY projects.
- Wiring and Installation Services: Electrical wiring services for agricultural, residential, and commercial needs including new construction, remodels, service upgrades, electric heating, grain bins, irrigation, and shops.
- Yard Light Rental: Monthly rental fees for yard lights installed on overhead primary line poles or underground transformer poles. Includes installation, energy, and maintenance in monthly fee.
- Capital Credits: Not-for-profit cooperative model where margins are allocated to members proportionally based on electricity purchases. Capital credits are retired (paid out) approximately 20 years after allocation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Demand charge based on highest peak demand of all members each month |
| Subscription | Monthly | Budget Billing - Levelized monthly payments |
| Subscription | Monthly | Rental Yard Lights - Monthly fee includes installation, energy, and maintenance |
| Other | Monthly | Late Payment Penalties |
| Unit Pricing | One time | Heat Pump Rebate - $600 rebate |
| Unit Pricing | One time | Energy Audit Incentive - 10% of improvement costs up to $500 |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
H-d Electric Cooperative, Inc. product offering
Product offeringCore offering
H-D Electric Cooperative is a not-for-profit, member-owned rural electric cooperative that distributes electric power to residential, agricultural, commercial, and industrial members across Deuel and Hamlin counties in eastern South Dakota. The cooperative operates 1,613 miles of overhead and underground distribution lines serving 3,778 meters and 2,910 members. Beyond electricity distribution, it offers related products and services including Marathon water heaters, electric heating equipment, yard lights, electrical wiring services, load management programs, renewable energy credits, and authorized Kohler generator sales and service.
Product overview
H-D Electric Cooperative is a not-for-profit electric utility cooperative providing electricity distribution services to residential, agricultural, and commercial members. The cooperative offers a range of products including Marathon water heaters, electric heat systems, and yard lighting, along with services such as electrical wiring, irrigation services, load management programs, and renewable energy credits. Member financial programs include capital credits, budget billing, deferred payment plans, and various rebate/incentive programs for energy efficiency improvements. The cooperative also provides SmartHub online account management and supports community development through scholarships and youth programs.
Differentiator
Problem solved
Functional benefit
Products and services
- Electric Distribution Service Core electric distribution service providing power measured in kWh to residential, agricultural, commercial, and industrial members across an exclusive territorial service area covering Deuel and Hamlin counties in South Dakota. Members apply for service through an online Request for Electricity form and membership application.
- SmartHub Portal Online and mobile member portal for bill payment and account management, available via web and mobile apps for iOS and Android, enabling members to pay bills using bank account or credit card and manage their accounts.
Quantifiable outcome
- Capital credits retired approximately 20 years after allocation
- +4 more outcomes
Companies that use H-d Electric Cooperative, Inc.
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
H-d Electric Cooperative, Inc. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
H-d Electric Cooperative, Inc. partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- East River Electric Power CooperativecorePower supplier providing wholesale electricity to H-D Electric. Controls load management systems (water heaters, irrigation) through electronic controls. Coordinates distributed generation process via NOVA Power Portal. East River Electric is a generation and transmission cooperative.
- Basin Electric Power CooperativecoreMajor power generation cooperative that generates electricity from coal and wind projects in North and South Dakota. Generates RECs from wind projects. Allocates leftover RECs to member cooperatives. H-D Electric sponsors member tours of Basin Electric facilities including Freedom Coal Mine, Great Plains Synfuels Plant, and Antelope Valley Station.
- Rural Electric Economic Development (REED) FundminorPrivate non-profit corporation organized in 1996 by electric cooperatives serving eastern South Dakota and western Minnesota. Provides financing and leverages private investment in small communities and rural areas. Has supported local organizations in H-D Electric service territory through loans for job creation and community development.
- Touchstone Energy CooperativescoreNationwide alliance of consumer-owned electric cooperatives. National brand identity representing over 831 local distribution cooperatives. Provides core values (integrity, accountability, innovation, commitment to community) and national marketing programs like TogetherWeSave.com.
- South Dakota One Call (811)minorCommunication link among utilities, contractors, and private individuals working around underground lines. Members must call 811 or 800-781-7474 at least 48 hours before excavating to locate underground utilities.
- Basin Electric and East River ElectriccoreJoint power suppliers that H-D Electric works with to manage demand charges. Basin Electric and East River Electric must maintain sufficient generation, transmission, and distribution capacity to meet peak demand. H-D Electric's purchased power cost includes a demand charge based on highest peak demand of all members each month.
- NRECA (National Rural Electric Cooperative Association)minorNational trade association representing electric cooperatives. Coordinates Youth Tour to Washington D.C. with over 1,800 students participating annually.
- SDREA (South Dakota Rural Electric Association)minorState association coordinating South Dakota Youth Excursion and other cooperative programs. Coordinates Youth Tour for South Dakota students.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
H-d Electric Cooperative, Inc. competitors and assessment
Company assessmentDirect peers
- FEM Electric Association: Member-owned rural electric cooperative serving eastern South Dakota with comparable scale, customer base, and reliance on Basin Electric / East River for wholesale supply.
- East River Electric Power Cooperative: Generation-and-transmission cooperative that is H-D Electric's wholesale power supplier and load-management partner. Directly comparable cooperative structure and member-owned business model in the same South Dakota region.
- Northern Electric Cooperative: South Dakota-based rural electric cooperative, similar scale and member-owned distribution model, with overlapping Touchstone Energy and East River/Basin relationships.
- Whetstone Valley Electric Cooperative: Rural electric cooperative in northeastern South Dakota, similar member-owned structure, agricultural customer mix, and AMI/load management deployment profile.
- Codington-Clark Electric Cooperative: Neighboring rural electric cooperative serving adjacent counties in eastern South Dakota with a similar cooperative structure, scale, and agricultural member base.
- Bon Homme Yankton Electric Association: Rural electric cooperative serving south-central South Dakota with similar member-owned governance, agricultural load, and wholesale power supply chain.
- Sioux Valley Energy: Touchstone Energy-affiliated rural electric cooperative serving parts of southwestern Minnesota and eastern South Dakota with comparable member-owned distribution model.
- Lake Region Electric Association: Member-owned rural electric cooperative in west-central Minnesota serving a comparable mix of agricultural and small-town customers with similar Touchstone Energy affiliation.
Others
- Basin Electric Power Cooperative: Generation-and-transmission cooperative and wholesale power supplier to H-D Electric. Not a direct distribution competitor but a key upstream counterparty and partner whose generation mix directly affects H-D's cost structure.
Broad incumbents
- Otter Tail Power Company: Investor-owned regional utility serving parts of South Dakota, Minnesota, and North Dakota with overlapping electric distribution in the same general geography, though a much larger incumbent.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
H-d Electric Cooperative, Inc. social profiles
Digital presenceH-d Electric Cooperative, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
H-d Electric Cooperative, Inc. leadership team
Management profileNumber of profiles
Profiles13 records
H-d Electric Cooperative, Inc. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
H-d Electric Cooperative, Inc. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about H-d Electric Cooperative, Inc.
What does H-d Electric Cooperative, Inc. do?
H-D Electric Cooperative is a not-for-profit, member-owned rural electric cooperative that distributes electric power to residential, agricultural, commercial, and industrial members across Deuel and Hamlin counties in eastern South Dakota. The cooperative operates 1,613 miles of overhead and underground distribution lines serving 3,778 meters and 2,910 members. Beyond electricity distribution, it offers related products and services including Marathon water heaters, electric heating equipment, yard lights, electrical wiring services, load management programs, renewable energy credits, and authorized Kohler generator sales and service.
Is H-d Electric Cooperative, Inc. a public or private company?
H-d Electric Cooperative, Inc. is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was H-d Electric Cooperative, Inc. founded?
H-d Electric Cooperative, Inc. was founded in 1940. It employs 11 to 50 people.
Where is H-d Electric Cooperative, Inc. based?
H-d Electric Cooperative, Inc. is headquartered in Clear Lake, United States, in the North America region.
How does H-d Electric Cooperative, Inc. make money?
Five revenue lines are on record. Electricity Sales are the primary driver. The others are electric Products Sales, wiring and Installation Services, yard Light Rental and capital Credits.
Who are H-d Electric Cooperative, Inc.'s main competitors?
Direct peers on record are FEM Electric Association, East River Electric Power Cooperative, Northern Electric Cooperative, Whetstone Valley Electric Cooperative, Codington-Clark Electric Cooperative, Bon Homme Yankton Electric Association, Sioux Valley Energy and Lake Region Electric Association. Basin Electric Power Cooperative is listed as an others. Otter Tail Power Company is listed as a broad incumbent.
Does H-d Electric Cooperative, Inc. have an API?
No public API is recorded for H-d Electric Cooperative, Inc..
What industry is H-d Electric Cooperative, Inc. in?
H-d Electric Cooperative, Inc.'s product category is Rural Electric Distribution. Its primary akta.pro industry code is EUADABAC, Electric Cooperatives (Rural/Member-Owned Utilities), with a secondary code of EUADALAI, DER Dispatch, Aggregation & Virtual Power Plant (VPP) Integration. Its NAICS code is 221122 and its SIC code is 4911.